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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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    The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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  • The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more
  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more

Other Insights
  • Nigeria recorded the largest petrol price increase in Africa, rising 39.5% between February 23 and March 16, 2026.
  • Egypt experienced a 14.3% increase, making it one of the largest price jumps in Africa.
  • Nigeria’s increase is more than double that of Egypt.
  • A number of African countries recorded very small price changes, including Tanzania (2.7%), Morocco (2.1%), and South Africa (1%).
  • A few countries actually saw declines in fuel prices, including Madagascar (-3.9%) and Zambia (-4.6%).
  • During the period, petrol prices remained unchanged in 28 African countries.
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  • 13 out of 35 AFCON tournaments (37.1%) have been won by host nations
  • A larger share — 22 tournaments (62.9%) — were won by visiting teams.
  • The early AFCON years (1960s–1980s) saw more frequent home wins compared to recent decades.
  • Egypt has the most home-soil victories (3), followed by Ghana (2)
  • Despite high expectations, several hosts have failed to win.
  • Hosting provides crowd support and familiarity, but also brings heightened expectations and pressure.
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  • Bola Tinubu won the 2023 election with just 36.6% of the valid votes.
  • There is a clear downward trend in winners’ vote share since 2011, with each election producing a less dominant winner.
  • Peak dominance occurred in 2007, when Umaru Musa Yar'Adua won with 69.6% of the votes.
  • The total votes secured by winners have dropped sharply, from over 24 million (2003–2007) to 8.8 million in 2023.
  • In 2023, over 60% of valid votes went to candidates who lost.
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  • Nigeria’s youngest serving governor is Usman Ahmed Ododo of Kogi state at 48 years old.
  • The oldest serving governors are Bala Mohammed and Hope Uzodimma, both aged 67.
  • President Bola Ahmed Tinubu is 73 years old, making him older than every sitting governor.
  • Tinubu is 25 years older than the youngest governor and six years older than the oldest governors.
  • A number of governors are in their late 50s, including Seyi Makinde, Hyacinth Alia, and Ahmadu Umaru Fintiri.
  • The age distribution suggests that Nigeria’s state leadership is largely dominated by experienced, older political figures rather than younger politicians.
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  • The All Progressives Congress (APC) currently controls 31 out of Nigeria’s 36 state governors' seats.
  • This means about 86.1% of Nigeria’s governors belong to the APC, showing the party’s strong dominance at the state level.
  • Only five states are governed by parties other than the APC.
  • The People's Democratic Party governs two states, making it the largest opposition presence among governors.
  • The Labour Party, APGA, and Accord Parties control one state governorship each.
  • With most states now aligned with the ruling party, the balance of political power at the state level in Nigeria is heavily tilted toward the APC.
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  • Crude oil alone accounts for 55.7% of all exports. Remove it and Nigeria runs a ₦26.7tn trade deficit. The entire surplus rests on one commodity.
  • Nigeria imports ₦31.97tn in manufactured goods but exports only ₦2.50tn, a 12-to-1 ratio that reflects near-total dependence on foreign industrial output.
  • Nigeria exports ₦25.3tn in petroleum products yet imports ₦13.3tn of refined petroleum. Africa's top oil producer still can't fully process its own crude.
  • Despite Nigeria's vast farmland, agri-exports (₦5.07tn) barely exceed agri-imports (₦4.76tn). The sector earns almost nothing net.
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  • Over 85x growth in 20 years; total pension contributions grew from ₦15.6 billion in 2004 to ₦1.37 trillion in 2024.
  • In Q1–Q3 2025, private-sector contributions (₦744 billion) surpassed those of the public sector (₦574 billion).
  • Contributions declined in 2015 and 2016 as crashing oil revenues choked government remittances, and again in 2021 amid COVID-19 disruptions.
  • Each time, the system recovered within a year, proving its foundations hold even under severe macro pressure
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  • Life Business was the single largest segment, and its 70.3% jump signals that more Nigerians are thinking seriously about financial protection for their families.
  • Miscellaneous, the smallest segment, posted the biggest growth at 86.7%, suggesting new and unconventional insurance products are gaining serious traction.
  • Aviation & Marine nearly doubled, with 79.9% growth in a sector tied to trade and logistics, reflecting Nigeria's expanding import/export activity and the rising cost of cargo and aircraft risk coverage.
  • Motor (52.5%), Fire (53.3%), and General Accident (49.6%) grew by roughly half, indicating broad-based sector expansion rather than isolated pockets of growth.
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  • South Africa leads in headcount, with seven billionaires, more than other African countries.
  • Nigeria leads in wealth, with four billionaires worth $47.5 billion, $4.5 billion more than the combined $43 billion of South Africa's seven billionaires.
  • Nigeria's billionaires are richer individually, with an average net worth of $11.9 billion, compared with South Africa's $6.1 billion.
  • North Africa punches below its weight: Egypt, Morocco, and Algeria have ten billionaires combined but just $31.4 billion in total wealth.
  • East Africa barely registers: Tanzania and Zimbabwe each have just one billionaire, both worth $2.1 billion.

 

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Fuel prices from Dangote Refinery reached an all-time high of ₦1,175 per litre in March 2026.

The lowest recorded price in the period was ₦699 per litre in December 2025, showing a wide price swing.

The jump from ₦699 to ₦1,175 happened in roughly four months.

  • Prices earlier in the timeline hovered mostly between ₦820 and ₦987 during late 2024 and much of 2025.
  • The December 2025 price cut was aimed at making locally refined fuel more competitive against imports.
  • After the price drop, fuel costs began rising again in early 2026, reaching ₦995 by early March before climbing further.
  • Global geopolitical tensions affecting oil markets contributed to the upward pressure on prices.
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  • Internationally authorised Nigerian banks have raised and injected over ₦3.3 trillion in new capital since March 2024.
  • The recapitalisation exercise is being driven by the Central Bank of Nigeria’s requirements, with the deadline expected in March 2026.
  • Zenith Bank currently has the highest capital among the banks shown, reaching about ₦614 billion.
  • Access Holdings has about ₦602.8 billion in total capital.
  • Fidelity Bank raised the largest single capital injection in the group, about ₦437.85 billion, pushing its total capital to ₦564.5 billion.
  • FCMB has the highest previous capital base among the banks listed (₦266.5 billion) before the recapitalisation injection.
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  • The Strait of Malacca is the world’s most important oil chokepoint, carrying about 24–25% of global oil supply in recent years.
  • The Strait of Hormuz moves around 20–23% of global oil supply, making it the second-largest energy transit chokepoint.
  • The Cape of Good Hope carries about 9–10% of global oil flows, and its share tends to increase when other chokepoints face disruptions.
  • The Bab el-Mandeb saw a sharp drop in oil flow share from about 9% in 2023 to around 4% in 2024, reflecting security concerns affecting shipping in the Red Sea corridor.
  • Oil transported through the Suez Canal and the SUMED pipeline system dropped significantly after 2023, falling from about 8.6% to below 5%, showing how quickly routes shift during geopolitical tensions.
  • The Strait of Malacca’s share has remained consistently high and stable, indicating its structural importance to Asian energy demand.
  • Alternative routes like the Cape of Good Hope in South Africa are longer but strategically crucial, especially when Middle Eastern chokepoints become unstable.
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  • Nigeria recorded the largest petrol price increase in Africa, rising 39.5% between February 23 and March 16, 2026.
  • Egypt experienced a 14.3% increase, making it one of the largest price jumps in Africa.
  • Nigeria’s increase is more than double that of Egypt.
  • A number of African countries recorded very small price changes, including Tanzania (2.7%), Morocco (2.1%), and South Africa (1%).
  • A few countries actually saw declines in fuel prices, including Madagascar (-3.9%) and Zambia (-4.6%).
  • During the period, petrol prices remained unchanged in 28 African countries.
Read more
  • 13 out of 35 AFCON tournaments (37.1%) have been won by host nations
  • A larger share — 22 tournaments (62.9%) — were won by visiting teams.
  • The early AFCON years (1960s–1980s) saw more frequent home wins compared to recent decades.
  • Egypt has the most home-soil victories (3), followed by Ghana (2)
  • Despite high expectations, several hosts have failed to win.
  • Hosting provides crowd support and familiarity, but also brings heightened expectations and pressure.
Read more
  • Bola Tinubu won the 2023 election with just 36.6% of the valid votes.
  • There is a clear downward trend in winners’ vote share since 2011, with each election producing a less dominant winner.
  • Peak dominance occurred in 2007, when Umaru Musa Yar'Adua won with 69.6% of the votes.
  • The total votes secured by winners have dropped sharply, from over 24 million (2003–2007) to 8.8 million in 2023.
  • In 2023, over 60% of valid votes went to candidates who lost.
Read more
  • Nigeria’s youngest serving governor is Usman Ahmed Ododo of Kogi state at 48 years old.
  • The oldest serving governors are Bala Mohammed and Hope Uzodimma, both aged 67.
  • President Bola Ahmed Tinubu is 73 years old, making him older than every sitting governor.
  • Tinubu is 25 years older than the youngest governor and six years older than the oldest governors.
  • A number of governors are in their late 50s, including Seyi Makinde, Hyacinth Alia, and Ahmadu Umaru Fintiri.
  • The age distribution suggests that Nigeria’s state leadership is largely dominated by experienced, older political figures rather than younger politicians.
Read more
  • The All Progressives Congress (APC) currently controls 31 out of Nigeria’s 36 state governors' seats.
  • This means about 86.1% of Nigeria’s governors belong to the APC, showing the party’s strong dominance at the state level.
  • Only five states are governed by parties other than the APC.
  • The People's Democratic Party governs two states, making it the largest opposition presence among governors.
  • The Labour Party, APGA, and Accord Parties control one state governorship each.
  • With most states now aligned with the ruling party, the balance of political power at the state level in Nigeria is heavily tilted toward the APC.
Read more
  • Crude oil alone accounts for 55.7% of all exports. Remove it and Nigeria runs a ₦26.7tn trade deficit. The entire surplus rests on one commodity.
  • Nigeria imports ₦31.97tn in manufactured goods but exports only ₦2.50tn, a 12-to-1 ratio that reflects near-total dependence on foreign industrial output.
  • Nigeria exports ₦25.3tn in petroleum products yet imports ₦13.3tn of refined petroleum. Africa's top oil producer still can't fully process its own crude.
  • Despite Nigeria's vast farmland, agri-exports (₦5.07tn) barely exceed agri-imports (₦4.76tn). The sector earns almost nothing net.
Read more
1 2 3 246

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